Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.21% | -0.53 | 1.74% |
| Return on Equity (%) | ▼ | 11.98% | -5.26 | 17.24% |
| Net Interest Margin (%) | ▲ | 4.60% | +0.19 | 4.40% |
| Efficiency Ratio (%) | ▼ | 67.44% | +5.92 | 61.52% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.03 | $2 |
| Cost of Funds (%) | ▲ | 2.56% | -0.32 | 2.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $540 | +60.68 | $479 |
| Gross Loans ($M) | ▲ | $448 | +60.69 | $387 |
| Loan Growth YoY (%) | ▲ | 91.22% | +2.33 | 88.89% |
| Total Deposits ($M) | ▲ | $485 | +55.48 | $429 |
| Shareholders Equity ($M) | ▲ | $54 | +6.01 | $48 |
| Tang. Book Value ($M) | ▲ | $54 | +6.01 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $56 | +5.67 | $50 |
| Loan / Deposit Ratio (%) | ▲ | 91.22% | +2.33 | 88.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.87% | +0.57 | 1.30% |
| Allowance / Loans (%) | — | 1.32% | -0.19% | 1.51% |
| Net Charge-Off Ratio (%) | ▼ | 2.19% | +0.59 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.81% | -0.31 | 12.12% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▂▄▃▂█ | Net Interest Margin (%) | 4.39% | 4.34% | 4.35% | 4.40% | 4.45% | 4.42% | 4.39% | 4.60% |
| ▃▃▃█▄▃▂▁ | Return on Assets (%) | 1.38% | 1.35% | 1.38% | 1.74% | 1.42% | 1.39% | 1.30% | 1.21% |
| ▁▁▁▃▅▄▆█ | Efficiency Ratio (%) | 59.1% | 59.7% | 59.7% | 61.5% | 63.7% | 62.8% | 64.7% | 67.4% |
| ▇█▇▄▃▃▃▁ | Cost of Funds (%) | 3.10% | 3.25% | 3.10% | 2.89% | 2.77% | 2.74% | 2.75% | 2.56% |
| ▁▂▁▃█▇▆▆ | NPA / Assets (%) | 0.64% | 0.90% | 0.85% | 1.30% | 2.59% | 2.25% | 2.07% | 1.87% |
| ▁▂▁▃█▇▆▅ | Net Charge-Off Ratio (%) | 0.82% | 1.15% | 1.05% | 1.61% | 3.06% | 2.70% | 2.45% | 2.19% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $43 | $45 | $46 | $48 | $50 | $51 | $53 | $54 |
| ▁▁▂▃▅▆▆█ | Gross Loans ($M) | $355 | $358 | $371 | $387 | $405 | $414 | $422 | $448 |
| ▁▁▁▃▅▇▇█ | Total Deposits ($M) | $405 | $407 | $411 | $429 | $447 | $466 | $469 | $485 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 63% |
| C&I / Commercial | 26% |
| Consumer | 5% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 11% |